Patrimoine et Commerce SA
Patrimoine et Commerce SA, a real estate company, engages in the acquisition, development, and operation of commercial real estate properties in France. The company operates a portfolio of 31 real estate assets covering a total area of 129,280 square meters located in high-attraction areas in the suburbs or centers of medium-sized cities. Its property portfolio includes shopping malls, supermarke… Read more
Patrimoine et Commerce SA (PAT) - Net Assets
Latest net assets as of June 2025: €478.76 Million EUR
Based on the latest financial reports, Patrimoine et Commerce SA (PAT) has net assets worth €478.76 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€969.56 Million) and total liabilities (€490.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €478.76 Million |
| % of Total Assets | 49.38% |
| Annual Growth Rate | 22.65% |
| 5-Year Change | 22.61% |
| 10-Year Change | 54.23% |
| Growth Volatility | 42.76 |
Patrimoine et Commerce SA - Net Assets Trend (2003–2024)
This chart illustrates how Patrimoine et Commerce SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Patrimoine et Commerce SA (2003–2024)
The table below shows the annual net assets of Patrimoine et Commerce SA from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €489.53 Million | +8.61% |
| 2023-12-31 | €450.71 Million | +1.50% |
| 2022-12-31 | €444.04 Million | +7.06% |
| 2021-12-31 | €414.74 Million | +3.88% |
| 2020-12-31 | €399.25 Million | +2.71% |
| 2019-12-31 | €388.72 Million | +1.25% |
| 2018-12-31 | €383.93 Million | +4.80% |
| 2017-12-31 | €366.34 Million | +8.12% |
| 2016-12-31 | €338.83 Million | +6.75% |
| 2015-12-31 | €317.40 Million | +10.78% |
| 2014-12-31 | €286.52 Million | +20.37% |
| 2013-12-31 | €238.03 Million | +3.14% |
| 2012-12-31 | €230.78 Million | +83.44% |
| 2010-12-31 | €125.81 Million | +76.04% |
| 2009-12-31 | €71.47 Million | +10.11% |
| 2008-12-31 | €64.90 Million | +8722.50% |
| 2005-12-31 | €-752.73K | +60.63% |
| 2004-12-31 | €-1.91 Million | -128.41% |
| 2003-12-31 | €6.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patrimoine et Commerce SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4369500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €40.97 Million | 8.56% |
| Common Stock | €159.72 Million | 33.38% |
| Other Comprehensive Income | €281.27 Million | 58.78% |
| Total Equity | €478.49 Million | 100.00% |
Patrimoine et Commerce SA Competitors by Market Cap
The table below lists competitors of Patrimoine et Commerce SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kaldalón hf.
IC:KALD
|
$135.16 Million |
|
Seoul Broadcasting System
KO:034120
|
$135.19 Million |
|
Zuming Bean Products Co Ltd
SHE:003030
|
$135.19 Million |
|
COPLAND ROAD CAPITAL NEW
F:A2P
|
$135.22 Million |
|
ATRATO ONS.ENERGY LS -01
F:L5M
|
$135.14 Million |
|
ATAL SA ZY 5
F:1UY
|
$135.12 Million |
|
Smartgiant Technology Co. Ltd. A
SHG:688115
|
$135.12 Million |
|
Hsin Tai Gas Co Ltd
TWO:8917
|
$135.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patrimoine et Commerce SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 439,246,000 to 478,488,000, a change of 39,242,000 (8.9%).
- Net income of 40,965,000 contributed positively to equity growth.
- Dividend payments of 20,691,000 reduced retained earnings.
- Share repurchases of 1,032,000 reduced equity.
- New share issuances of 20,000,000 increased equity.
- Other comprehensive income increased equity by 60,592,001.
- Other factors decreased equity by 60,592,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €40.97 Million | +8.56% |
| Dividends Paid | €20.69 Million | -4.32% |
| Share Repurchases | €1.03 Million | -0.22% |
| Share Issuances | €20.00 Million | +4.18% |
| Other Comprehensive Income | €60.59 Million | +12.66% |
| Other Changes | €-60.59 Million | -12.66% |
| Total Change | €- | 8.93% |
Book Value vs Market Value Analysis
This analysis compares Patrimoine et Commerce SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.30x to 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €80.30 | €24.10 | x |
| 2004-12-31 | €-22.82 | €24.10 | x |
| 2005-12-31 | €-9.40 | €24.10 | x |
| 2008-12-31 | €19.19 | €24.10 | x |
| 2009-12-31 | €2.83 | €24.10 | x |
| 2010-12-31 | €2.82 | €24.10 | x |
| 2012-12-31 | €18.94 | €24.10 | x |
| 2013-12-31 | €24.03 | €24.10 | x |
| 2014-12-31 | €25.65 | €24.10 | x |
| 2015-12-31 | €23.96 | €24.10 | x |
| 2016-12-31 | €25.23 | €24.10 | x |
| 2017-12-31 | €26.34 | €24.10 | x |
| 2018-12-31 | €26.61 | €24.10 | x |
| 2019-12-31 | €26.66 | €24.10 | x |
| 2020-12-31 | €26.90 | €24.10 | x |
| 2021-12-31 | €27.03 | €24.10 | x |
| 2022-12-31 | €28.64 | €24.10 | x |
| 2023-12-31 | €28.95 | €24.10 | x |
| 2024-12-31 | €31.04 | €24.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patrimoine et Commerce SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.96%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.00x
- Recent ROE (8.56%) is above the historical average (4.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -40.55% | -11.60% | 1.25x | 2.80x | €-3.40 Million |
| 2004 | 0.00% | -58.94% | 1.43x | 0.00x | €-8.67 Million |
| 2005 | 0.00% | -81.86% | 1.08x | 0.00x | €-195.09K |
| 2008 | 9.17% | 42.65% | 0.07x | 3.19x | €-465.70K |
| 2009 | 10.88% | 54.39% | 0.07x | 2.92x | €549.60K |
| 2010 | 6.63% | 58.95% | 0.05x | 2.37x | €-3.90 Million |
| 2012 | 7.78% | 48.39% | 0.05x | 3.02x | €-4.07 Million |
| 2013 | 8.55% | 59.73% | 0.06x | 2.53x | €-3.28 Million |
| 2014 | 3.41% | 28.78% | 0.05x | 2.28x | €-18.05 Million |
| 2015 | 9.04% | 76.24% | 0.05x | 2.38x | €-2.81 Million |
| 2016 | 8.19% | 62.64% | 0.06x | 2.31x | €-5.72 Million |
| 2017 | 8.59% | 71.11% | 0.05x | 2.27x | €-4.85 Million |
| 2018 | 6.69% | 55.92% | 0.05x | 2.23x | €-11.97 Million |
| 2019 | 6.96% | 46.42% | 0.06x | 2.38x | €-11.20 Million |
| 2020 | 4.66% | 32.72% | 0.06x | 2.37x | €-20.37 Million |
| 2021 | 7.88% | 57.49% | 0.06x | 2.20x | €-8.50 Million |
| 2022 | 11.09% | 82.93% | 0.06x | 2.13x | €4.68 Million |
| 2023 | 6.61% | 47.15% | 0.07x | 2.06x | €-14.90 Million |
| 2024 | 8.56% | 57.96% | 0.07x | 2.00x | €-6.88 Million |
Industry Comparison
This section compares Patrimoine et Commerce SA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $852,713,842
- Average return on equity (ROE) among peers: 5.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patrimoine et Commerce SA (PAT) | €478.76 Million | -40.55% | 1.03x | $135.14 Million |
| Carmila SA (CARM) | $3.27 Billion | -6.08% | 0.97x | $1.54 Billion |
| Frey SA (FREY) | $13.66 Million | 10.45% | 1.50x | $313.62 Million |
| Mercialys SA (MERY) | $895.12 Million | 9.59% | 2.04x | $1.05 Billion |
| M.R.M. SA (MRM) | $21.30 Million | 11.77% | 13.17x | $31.86 Million |
| Selectirente (SELER) | $65.02 Million | 3.84% | 1.09x | $108.18 Million |